Hg Holdings Inc. (STLY)

Overview

HG Holdings, Inc., initially known as Stanley Furniture Company, Inc., is a company incorporated in 1984, headquartered in Charlotte, North Carolina. It transitioned its name to HG Holdings, Inc. in March 2018 and operates primarily within the United States. The company is focused on the title insurance and real estate sectors, having expanded its portfolio to include providing essential services for residential and commercial real estate transactions. Additionally, HG Holdings, Inc. has delved into the real estate investment realm, notably owning and leasing single-tenant properties prevalently occupied by various federal agencies.

Products and Services

• Title Insurance

This service ensures protection for real estate owners and lenders against any property loss or damage they might experience due to liens, encumbrances, or defects in the title to the property. Through offering title insurance, HG Holdings, Inc. helps streamline real estate transactions, ensuring peace of mind for all parties involved.

• Closing and/or Escrow Services

The company facilitates the final stages of real estate transactions by providing closing and/or escrow services. These services are instrumental in ensuring that the transaction between buyers and sellers is executed smoothly, with all financial settlements being accurately processed and documented.

• Leasing to Federal Agencies

HG Holdings, Inc. owns and manages a portfolio of 27 single-tenant properties that are leased to various federal agencies. These agencies include high-profile entities such as the Federal Bureau of Investigation (FBI), the Department of Veterans Affairs, the Drug Enforcement Administration (DEA), Immigration & Customs Enforcement (ICE), the Social Security Administration, and the Department of Transportation. This aspect of their business demonstrates HG Holdings, Inc.'s capability in real estate investment and management, particularly within the government sector.